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Side-by-side financial comparison of TANTECH HOLDINGS LTD (TANH) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.
TANTECH HOLDINGS LTD is the larger business by last-quarter revenue ($21.5M vs $19.1M, roughly 1.1× Americas Gold & Silver Corp). TANTECH HOLDINGS LTD runs the higher net margin — 8.2% vs -82.3%, a 90.6% gap on every dollar of revenue. On growth, TANTECH HOLDINGS LTD posted the faster year-over-year revenue change (-0.2% vs -28.0%).
Tantech Holdings Ltd is a China-based specialty manufacturing enterprise focused on R&D, production and distribution of bamboo-derived carbon products, high-performance clean energy materials and eco-friendly consumer goods, serving customers across Chinese and global markets in consumer goods, industrial materials and new energy segments.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
TANH vs USAS — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $19.1M |
| Net Profit | $1.8M | $-15.7M |
| Gross Margin | 22.2% | 34.2% |
| Operating Margin | 10.8% | — |
| Net Margin | 8.2% | -82.3% |
| Revenue YoY | -0.2% | -28.0% |
| Net Profit YoY | 59.8% | 2.8% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 25 | — | $19.1M | ||
| Q2 25 | $21.5M | — | ||
| Q3 24 | — | $26.5M | ||
| Q2 24 | $21.5M | — |
| Q3 25 | — | $-15.7M | ||
| Q2 25 | $1.8M | — | ||
| Q3 24 | — | $-16.2M | ||
| Q2 24 | $1.1M | — |
| Q3 25 | — | 34.2% | ||
| Q2 25 | 22.2% | — | ||
| Q3 24 | — | 23.6% | ||
| Q2 24 | 22.3% | — |
| Q3 25 | — | — | ||
| Q2 25 | 10.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 8.0% | — |
| Q3 25 | — | -82.3% | ||
| Q2 25 | 8.2% | — | ||
| Q3 24 | — | -60.9% | ||
| Q2 24 | 5.1% | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.21 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $35.2M | $39.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $128.3M | $50.2M |
| Total Assets | $143.0M | $234.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $39.1M | ||
| Q2 25 | $35.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $34.2M | — |
| Q3 25 | — | $50.2M | ||
| Q2 25 | $128.3M | — | ||
| Q3 24 | — | $53.1M | ||
| Q2 24 | $126.0M | — |
| Q3 25 | — | $234.7M | ||
| Q2 25 | $143.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $142.2M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-12.5M |
| Free Cash FlowOCF − Capex | — | $-41.3M |
| FCF MarginFCF / Revenue | — | -216.5% |
| Capex IntensityCapex / Revenue | — | 150.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-12.5M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | $2.4M | ||
| Q2 24 | $4.4M | — |
| Q3 25 | — | $-41.3M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | $-11.2M | ||
| Q2 24 | $4.4M | — |
| Q3 25 | — | -216.5% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | -42.2% | ||
| Q2 24 | 20.6% | — |
| Q3 25 | — | 150.8% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | 0.1% | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TANH
| Revenue from China | $20.9M | 97% |
| Revenue directly from foreign countries | $602.2K | 3% |
USAS
Segment breakdown not available.
